Excerpt from The Short and Long Run Effects of Debt-Equity Ratios and Dividend Payout Ratios on Corporation Stock Prices It is hypothesized that in any specific year, the stock price of, say, Standard Oil of New Jersey differs from that of Texaco not only because Standard pursues different financial policies, but because, in that year, Standard and/or Texaco may have debt ratios or dividend payout ratios which differ from their target or average ratios due to the peculiarities of that year. Stated in even another way, ...
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Excerpt from The Short and Long Run Effects of Debt-Equity Ratios and Dividend Payout Ratios on Corporation Stock Prices It is hypothesized that in any specific year, the stock price of, say, Standard Oil of New Jersey differs from that of Texaco not only because Standard pursues different financial policies, but because, in that year, Standard and/or Texaco may have debt ratios or dividend payout ratios which differ from their target or average ratios due to the peculiarities of that year. Stated in even another way, variations in stock prices are thought to arise from variations in established financial policies between companies, and from within company year-toyear aberrations around these financial policies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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